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Colorado Rental Lease Agreements | Residential & Commercial

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The Colorado rental agreements are written between a lessor and lessee to make a formal contract for the leasing of commercial or residential property. It’s recommended that the landlord obtain the tenant’s personal information in order to properly run a credit and background check in order to know if they are credible for the tenancy. Afterward, the landlord will decide the security deposit based on the tenant’s credit profile and determine if there should be any rent that is required to be paid in advance, there are no limitations on either in Colorado. Afterward, the monthly rent and other fees may be decided on and once the security deposit and first (1st) month’s rent is paid the tenant will be allowed to move-in to the premises.

Rental Application – A tool used by the landlord to obtain the tenant’s personal information and consent to run a background check and credit report.

Table of Contents

Agreement Types

Commercial Lease Agreement – For the use of any type of non-residential property including but not limited to land, office, retail, industrial, and storage space.

Lease with Option to Purchase (Lease to Own) – Standard residential lease template with the added option of being able to purchase the premises.

Month to Month Lease Agreement – Known as a tenancy at will, allows the tenant and landlord to have a basic rental arrangement with no end date. The contract is canceled by sending notice to the other party.

Room Rental (Roommate) Agreement – Contract amongst roommates to clarify payment, cleaning, and everyday responsibilities of the rental unit.

Standard Lease Agreement – Fixed term arrangement with a start and end date. Typically for one (1) year.

Sublease Agreement – Allows a subtenant, with the written consent of the landlord, to take over another’s lease.

Termination Lease Letter (Notice to Quit) – Allows a landlord to cancel a tenant’s lease for a general termination of a tenancy at will. The time period for canceling depends on the amount of time the tenant was on the property and the specified lease type (see Section 13-40-107).

Disclosures

Colorado does not have any required State disclosures to be attached to any rental contract.

There are no rules set by the State but the landlord is always recommended to give the tenant reasonable notice.

Lead Paint Disclosure – Federal law required for any housing structure built prior to 1978.

Access

There are no rules set by the State but the landlord is always recommended to give the tenant reasonable notice.

Security Deposit

Maximum – No cap.

Returning (§ 38-12-103 & § 38-12-104) – Landlord must send payment within one (1) month if the lease does not mention a return timetable. If the lease does mention a return range it cannot be more than sixty (60) days. If the lease was broken due to a hazardous condition because of gas equipment tenant should receive their money within seventy-two (72) hours.


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